Almost a year ago (November 13) was hardfork of the bitcoin cash. The price of this coin reached $2800, while the hardfork was technical, that is, without the formation of a second coin. And now, almost a year later, on November 15, the next BCH hardfork will take place, in which with a high probability the BCH chain will be divided into two coins. It means that all holders of this coin receive an equivalent number of new coins.
So, let's try to predict to what values the price can reach this year.
Last year, on this day, the market capitalization was $193 billion with a share of bitcoin 56% and the price of bitcoin fell by almost 2500 to 5500. The capitalization of the BCH reached $40 billion. The maximum capitalization BCH reached $71 billion on 20 Dec 2017. If this year such a stir is repeated, we would expect the price around $3500 per coin, in this case its capitalization will reach $60 billion, which is quite fit in the current market situation. You should to know that it will be a minute price based on panic purchases, so you need to place orders a little lower. It is also worth paying attention to the fact that the trading volume and interest in the cryptocurrency is lower than last year. But in any case, we expect a good profit, because $1000 for BCH is quite an achievable level, which is almost twice the current price.
Remember that it is very easy to lose money on the cryptocurrency market, so if you are not confident in your abilities, trust the professionals to trade. Wish everyone profitable trades!
Last year, on this day, the market capitalization was $193 billion with a share of bitcoin 56% and the price of bitcoin fell by almost 2500 to 5500. The capitalization of the BCH reached $40 billion. The maximum capitalization BCH reached $71 billion on 20 Dec 2017. If this year such a stir is repeated, we would expect the price around $3500 per coin, in this case its capitalization will reach $60 billion, which is quite fit in the current market situation. You should to know that it will be a minute price based on panic purchases, so you need to place orders a little lower. It is also worth paying attention to the fact that the trading volume and interest in the cryptocurrency is lower than last year. But in any case, we expect a good profit, because $1000 for BCH is quite an achievable level, which is almost twice the current price.
Remember that it is very easy to lose money on the cryptocurrency market, so if you are not confident in your abilities, trust the professionals to trade. Wish everyone profitable trades!